Pip Diddy

Sterling’s winning streak came to a halt as bulls no longer seem to be clinging to their wishful thinking that Brexit could reach a happily ever after. 

It’s all about low to medium-tier reports once more for the euro zone, and traders are setting the bar pretty low thanks to the ECB’s downbeat outlook.

No major data scheduled in Japan this week! So what can move the yen around? Here’s a (short) list.

The RBA is scheduled on the global stage this week! Will Governor Lowe and his team give something for the Aussie bulls and bears to chew on?

New Zealand is scheduled to print its jobs data, yo! Can its labor market sustain its momentum?

The FOMC monetary policy statement and U.S. employment report were the highlights of a very active week for the U.S. dollar. 

Euro pairs ended the week mixed against the majors, while the Swiss franc took a beating thanks to week of negative data points from Switzerland.

The British pound was the outlier among FX majors this week as price action was influence more by U.K. drivers than global risk sentiment…unfortunately, not in a good way for Sterling bulls!

The Canadian dollar takes second place against the majors on the week thanks to rising risk sentiment and a lift from rising oil prices. 

The Kiwi dollar ended the week in the middle of the pack as it lacked major drivers from NZ to give it a boost against the majors.